David J Yvars Group cut its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 74.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,211 shares of the company’s stock after selling 11,964 shares during the quarter. David J Yvars Group’s holdings in Global X Defense Tech ETF were worth $251,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Financial Life Planners purchased a new stake in shares of Global X Defense Tech ETF in the first quarter valued at about $26,000. CX Institutional acquired a new stake in Global X Defense Tech ETF in the 2nd quarter valued at approximately $29,000. Evolution Wealth Management Inc. grew its stake in shares of Global X Defense Tech ETF by 57.0% in the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after buying an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Global X Defense Tech ETF by 12.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $119,000 after acquiring an additional 181 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Global X Defense Tech ETF by 75.8% in the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after purchasing an additional 731 shares in the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.
Global X Defense Tech ETF Stock Down 0.3%
Shares of SHLD opened at $67.37 on Thursday. The company has a market cap of $7.48 billion, a P/E ratio of -5.56 and a beta of 0.27. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49. The firm’s 50 day moving average price is $62.61 and its 200 day moving average price is $68.86.
Global X Defense Tech ETF Company Profile
The Global X Defense Tech ETF (SHLD) is an exchange-traded fund that is based on the Global X Defense Tech index. The fund tracks a modified market-cap weighted index of the top 50 pure-play defense technology companies from around the world. These companies are considered best positioned to benefit from increased governmental defense spending. SHLD was launched on Sep 11, 2023 and is issued by Global X.
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